Student Loan Guide: Essential Questions & Answers About Debts

WHAT DO YOU KNOW ABOUT THE STUDENT DEBT CRISIS?

A June 12, 2020 report by the CNBC has made us to understand that 44 million Americans collectively hold over $1.6 trillion in student debt. And these numbers show no sign of declining.

To worsen the situation, technological advancements, most especially automation, are making it harder to earn a living wage without some type of advanced degree. Currently, wages earned by graduate students are 80% higher than what is earned with just a high school diploma.

Every year, the United States Department of Education coughs out billions of dollars to help students get through college. This help comes through scholarships, grants and loans. You can have a share of this cake and live your dreams.

But… on a second thought, we have heard that in February this year, the US officially entered a recession, and over 42.6 million Americans filed for unemployment between mid-March and June.

During the 2008 recession, many opted to go back to school and gain new skills. However, since then, the cost of a four-year college degree increased by 25% and student debt increased by 107% and many are less sure if college will be the solution to riding out a recession this time around.

Going to college is a costly adventure. But that’s not the issue. The issue is that it is getting more expensive than ever before. Only the brave can. Are you brave? If you are as strong as we think you are, then maybe you can broaden your shoulders to bear the burden of going to college with a student loan.

Hey, take a chill pill, will you? It is not as hard as you think.

But how? is the question.

And that’s where this guide comes in. Student Loan Guide will teach you:

•Requirements that make you eligible for a student loan.

•The maximum and minimum amount you should borrow.

•Tip-S to filling the financial aid form.

•Best repayment options.

•How to deal with student loan crisis.

Among others…